Gold and silver rose for the second consecutive day. Today there are a couple of bond auctions that will take place including Germany and U.S. Italy will also sell bonds later this week (will seek at least €9.5 billion). If…
Oil and Natural gas changed direction and after their tumble on Monday, both energy prices managed to rally on Tuesday; WTI and Brent oil rose by little under one percent; natural gas future price also increased by a similar rate,…
According to the latest June report prepared by the IEA – International Energy Agency on the recent changes in global crude oil market as of April/May 2012, the global Oil Supplies rose again in May; the non-OPEC supply also rose…
According to the latest producer price index monthly report, which came out today, the PPI for finished goods tumbled down by 1% in May compared with April’s index. This report serves as an indicator for the changes in the U.S…
Retails and foods services sales edged down in May 2012 compared with April 2012’s sales, but were above the sales at May 2011. The U.S. Department of Commerce published its monthly update on the shifts in the U.S. retail and…
In this week’s petroleum and crude oil weekly update by the Energy Information Administration, it was reported the EIA lowered it oil prices forecast. The total U.S oil and petroleum stockpiles slightly increase during last week by 1.1 million bl.…